Mortgage and Financial News From 2008-2-16 Page 44
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Hunting for your first house (Fargo Forum)
Young homebuyers need patience, realism Derek and Lisa Johnson were patient and realistic. Successful, too. The couple moved into a Fargo home - their first - earlier this year. "It's taken some time and effort, but we really wanted a house instead of an apartment," said Derek, 24. Advertisement: Woodland Resort Ice Fishing Heaven! Check out the hot deals on our ice fishing ...
2008-02-15 10:36:01 -
George Soros Buys WalMart Stores Inc., FedEx Corp., Advanced Micro Devices Inc., Sells General Dynamics Corp., Google ... (Guru Focus)
Billionaire investor George Soros have been warning about recessions and financial crisis. He wrote "The current financial crisis was precipitated by a bubble in the US housing market.
2008-02-15 10:41:02 -
Tourists arrive at right time (The News-Press)
Boatloads of tourists and winter residents, toting wallets stuffed with dead presidents: Such are the dreams of Southwest Florida businesses...
2008-02-15 10:47:14 -
Mortgage fraud costly to nation (Milwaukee Journal Sentinel)
Mortgage fraud is a federal crime that cost the U.S. economy at least $1.4 billion last year. Fraud often involves...
2008-02-15 11:48:19 -
Mortgage expo could help untangle lending options (East Valley Tribune)
Navigating the mortgage world can be a formidable and confusing task for hopeful homeowners - especially with standards frequently changing in today's strained lending environment.
2008-02-16 01:37:01 -
Struggling bond insurer seeks split
Seattle Times - FGIC, owned by Blackstone Group and PMI Group, applied for a license from New York state insurance regulators to create a stand-alone municipal company, spokesman Brian Moore said. The move would separate the unit that guarantees subprime-mortgage ...
2008-02-16 12:07:00 -
Insurer hives off risky business
Guardian Unlimited - ... yesterday bowed to the demands of US regulators and agreed to split itself into two companies - a "good one" containing its less risky operations and a "bad one" comprising the fallout from the sub-prime mortgage crisis. Financial Guaranty Insurance ...
2008-02-15 06:02:00 -
Briefly... CITY/REGION
Philadelphia Daily News - Ibrahim, Radian's chief executive, said the Philadelphia firm has increased its mortgage insurance loss reserves to $1.3 billion, since the company is on the hook to pay lenders when homeowners default. Radian also posted positive cash flow in the ...
2008-02-15 11:53:00 -
Moody's calls outlook negative for several AIG insurance subsidiaries ...
CNBC - NEW YORK - Moody's Investors Service on Friday signaled it could cut the credit ratings of several of American International Group Inc.'s subsidiaries amid concerns over the insurance giant's exposure to the troubled subprime mortgage market. The ...
2008-02-15 03:25:00 -
Bond insurers feeling debt crisis
Philadelphia Inquirer - ... of Boston, a financial research and consulting firm. State Insurance Superintendent Eric Dinallo, who has spoken sympathetically about FGIC's need for a split of its municipal insurance business, said he hopes that won't happen to other mortgage ...
2008-02-16 12:00:00 -
UPDATE 1-Freddie Mac eases mortgage insurer eligibility rules
Forbes - NEW YORK (Reuters) - Freddie Mac (nyse: FRE - news - people ) , the No. 2 U.S. home funding company, said on Thursday it will give its private mortgage insurance partners some relief by reducing the amount of money they must put into Freddie Mac's ...
2008-02-14 10:11:00 -
Radian hit by credit and housing woes
Financial Times - Radian Group , a financial guarantor hurt by gyrations in the credit and mortgage markets, on Friday reported a $618m fourth-quarter losses due to rising insurance claims and writedowns on derivatives. The loss, which was three times analysts ...
2008-02-15 12:04:00 -
Mortgage insurer Radian posts big loss
MSN MoneyCentral - It increased its mortgage insurance loss reserves to $1.3 billion, since the company is on the hook to pay lenders when homeowners default. Radian also posted positive cash flow in the quarter. Shares of Radian rose by $1.20, or more than 17 percent ...
2008-02-15 01:44:00 -
Hardball With Warren and Eliot - New York Times
Hardball With Warren and EliotNew York Times, United States - 2 hours agoWith major bond insurers hobbled by an ill-advised foray into subprime mortgage territory, Mr. Buffett made a tough offer aimed at the biggest and ...
2008-02-15 09:48:34 -
Changing high-rate bonds is costly - Boston Globe
Changing high-rate bonds is costlyBoston Globe, United States - 2 hours agoBut the CareGroup example shows how terminating borrowing arrangements can prove costly, like the high fees homeowners can face to refinance a mortgage. ...
2008-02-15 09:52:46